Why does reducing cost variation reduce risk? Why does reducing fixed cost reduce risk? 1 paragraph...
Why does reducing cost variation reduce risk? Why does reducing fixed cost reduce risk?
1 paragraph answer with 4-5 sentences, explains are welcomed.
PLEASE REFER TO HEALTHCARE ECONOMICS
Homework Answers
Reducing unwarranted clinical variations is essential to creating value-based health systems which drive standards up and costs down. Some variations reflect differences in the wealth, health, age and environmental conditions of patients. But many are down to unacceptable divergences in the way physicians administer treatments, prescribe drugs and follow clinical procedures.poor measurement of cost and outcomes also means that effective and efficient providers go unrewarded, while inefficient ones have little incentive to improve.
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Why does reducing cost variation reduce risk? Why does reducing
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